According to analysts’ consensus, Frontier Communications (FTR) stock has a mean target price of $2.14 and a current market price of $1.39, which suggests an upside potential of 54.0% in the next 12 months. The median target price was $1.75 on June 21. On June 19, Citigroup cuts its target price on Frontier Communications stock from $1.50 to $1.00.
Among the 11 analysts tracking Frontier Communications, four recommended a “hold,” while seven recommended a “sell.” None of the analysts recommended a “buy.”
Analysts expect Frontier Communications to report an ~4.6% fall in its revenues to $8.2 billion in 2019—compared to $8.6 billion in 2018. The company’s adjusted EPS is expected to be -$1.43 in 2019—compared to -$1.34 in 2018.